Gothamite Posted November 11, 2011 Share Posted November 11, 2011 I'm intrigued by this SB ring benefit for shareholders. Gothamite, you said "special" rings; do you know the details? Surely it's not identical to a player ring (who could afford $30K in any case?). Does anyone have one, or has anyone seen one?Edit: never mind. Google is your friend. Last year's edition, from The Wearing of the Green (and Gold):===These rings start at $399 for White Lustrium® and cubic zirconia, and go up to $2400 for 10k white gold and diamonds. They are available only to shareholders, and only through the Packers Pro Shop.You can trust that guy; he really knows his stuff. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
TFoA Posted November 29, 2011 Share Posted November 29, 2011 Anybody got an update as far as this is concerned? Link to comment Share on other sites More sharing options...
Gothamite Posted November 29, 2011 Share Posted November 29, 2011 Nope. Far as I know, they're still awaiting SEC approval. Obviously they want to make them available before Christmas, but selling securities is a very complicated business. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
Gothamite Posted December 2, 2011 Share Posted December 2, 2011 Here you go!Here's what we know so far:The Green Bay Packers today announced preliminary details for the organization?s upcoming stock offering, just the fifth in its 92-year history, which will commence on Dec. 6 at 8 a.m. CST.More information, including the formal offering document, will be available when the offering commences. Interested fans will be able to access the full information online at www.Packers.com.?We appreciate the interest that fans have expressed in our fifth stock offering,? said Packers President/CEO Mark Murphy. ?We are not yet in a position to fully discuss the offering. However, this information will answer some of the initial questions that we?ve received. We look forward to formally launching the offering next week.?We ask fans to look for details Dec. 6 on Packers.com.?Following is a list of details currently available:The price per share will be $250, and there will be a handling charge.The offering will be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands.Until regulators in the states of New Hampshire and Virginia allow the offering to proceed in those states, residents of those states will not be able to purchase shares.Shares will be able to be purchased online with credit or debit cards, and also via mail.Only individuals (including spouses as joint tenants) will be able to purchase shares.The Packers will initially offer 250,000 shares.No one may buy more than 200 shares (counting any shares that the person purchased in the 1997-1998 offering).The offering will continue until Feb. 29, 2012, subject to extension.In contemplation of the offering, interested fans should note:Stock in the Packers does not constitute an investment in ?stock? in the common sense of the term.The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.Any offering of Packers stock will only be made through an offering document.The Packers believe offerees and purchasers of Packers stock will not receive the protection of securities laws with respect to any offering or sale of Packers stock.The Packers bylaws and NFL rules severely restrict transfers of Packers stock.Full details will be released on Packers.com on December 6th. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
DEAD! Posted December 2, 2011 Share Posted December 2, 2011 The offering will be limited to persons in the United States, as well as Guam, Puerto Rico and the U.S. Virgin Islands.Well that eliminates me I saw, I came, I left. Link to comment Share on other sites More sharing options...
Gothamite Posted December 2, 2011 Share Posted December 2, 2011 You live in New Hampshire? The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
infrared41 Posted December 2, 2011 Share Posted December 2, 2011 We are on it. The GF is going to be online and at the ready at 9am (8 central) on Tuesday morning. Your worst nightmare is about to come true, Gothamite, people like me are going to own the Packers. Seriously, I can't wait for this. If the Pack repeat this year, you can bet your asses that I'll be buying one of those shareholder rings. Link to comment Share on other sites More sharing options...
NEW.ERA Posted December 2, 2011 Share Posted December 2, 2011 Kinda sucks Canadians can't get them. JETS|PACK|JAYS|NUFC|BAMA|BOMBERS|RAPS|ORANJE| Link to comment Share on other sites More sharing options...
PurpleRush Posted December 2, 2011 Share Posted December 2, 2011 Stock in the Packers does not constitute an investment in ?stock? in the common sense of the term.The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.So it's not real stock? Then what are you buying? Link to comment Share on other sites More sharing options...
KDubK414 Posted December 2, 2011 Share Posted December 2, 2011 Stock in the Packers does not constitute an investment in "stock" in the common sense of the term.The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.So it's not real stock? Then what are you buying?It means that it is not traded in any stock market in the world, nor cannot be traded with any other person or entity. Once you buy it, you do own a very low percentage of the Green Bay Packers Franchise for life. I think there is something in the bylaws of it though, that it can be willed down to future generations upon death. I might be wrong on that last part and know that Gotham owns a share or more, so he's got the inside skinny on all the rules and regulations.I can't afford it right now, but if they extend it and I have disposable income I might really consider it. Link to comment Share on other sites More sharing options...
rmackman Posted December 2, 2011 Share Posted December 2, 2011 My brother and I are each getting a share for the holidays. "Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be eaten. Every morning in Africa, a lion wakes up. It knows it must outrun the slowest gazelle or it will starve. It doesn't matter whether you're a lion or a gazelle. When the sun comes up, you'd better be running." - Unknown | Check out my articles on jerseys at Bacon Sports Link to comment Share on other sites More sharing options...
Gothamite Posted December 3, 2011 Share Posted December 3, 2011 Kinda sucks Canadians can't get them.It does, but that's probably a SEC restriction. Just like people in New Hampshire and Virginia can't, because the team hasn't been able to get approval from the regulatory agencies in those states. Selling securities is a very complicated business. It is stock, just stock with significant restrictions upon it. And yes, you can pass it along to heirs or family members. So no worries there. I'm interested in the gift-to-minors provisions, since I'll be buying one for each of my kids. Again, it's complicated - generally speaking, kids can't own stock in their own name (or at least used not to be able). Might have to buy shares in my own name and pass them along as each of the kids turn 18. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
infrared41 Posted December 3, 2011 Share Posted December 3, 2011 Stock in the Packers does not constitute an investment in ?stock? in the common sense of the term.The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.So it's not real stock? Then what are you buying?A shot at getting one of these...The right to call yourself a "minority owner" of an NFL team.A really cool piece of memorabilia to frame and hang on your wall. That's more than enough for me. Link to comment Share on other sites More sharing options...
NEW.ERA Posted December 3, 2011 Share Posted December 3, 2011 Kinda sucks Canadians can't get them.It does, but that's probably a SEC restriction. Just like people in New Hampshire and Virginia can't, because the team hasn't been able to get approval from the regulatory agencies in those states. Selling securities is a very complicated business. It is stock, just stock with significant restrictions upon it. And yes, you can pass it along to heirs or family members. So no worries there. I'm interested in the gift-to-minors provisions, since I'll be buying one for each of my kids. Again, it's complicated - generally speaking, kids can't own stock in their own name (or at least used not to be able). Might have to buy shares in my own name and pass them along as each of the kids turn 18.Makes sense. Well maybe if they ever want to get Lambeau to 100,000 seats, they'll do another share selling, and maybe by then it will be open to everyone. JETS|PACK|JAYS|NUFC|BAMA|BOMBERS|RAPS|ORANJE| Link to comment Share on other sites More sharing options...
Gothamite Posted December 3, 2011 Share Posted December 3, 2011 Possibly. Think Virginia will have joined the Union by then? When tallying up what you get, don't forget the right to vote at the shareholders meeting, and the shareholder reports. That's not nothing. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
infrared41 Posted December 3, 2011 Share Posted December 3, 2011 Possibly. Think Virginia will have joined the Union by then? When tallying up what you get, don't forget the right to vote at the shareholders meeting, and the shareholder reports. That's not nothing. There isn't a thing about this that isn't great. It's entirely possible that I'm just a major sports geek, but I can barely contain my excitement at the idea of buying Packers stock. In my mind, this is about the coolest sports related thing I've ever done. Silly me, I made the mistake of mentioning on Facebook that I was buying Packers stock. Now I'm being inundated with "you're bailing on the Browns?" comments. Frankly, I think that may be the end result. I'm not sure because I don't actually own the stock yet, but I think I'm going to find it very difficult to root for anyone other than the team that I have couple grand tied up in*. * I'm assuming that since they're saying the stock is a great Christmas gift, I can put anyone's name on the certificates. If so, I'm getting them for me, my brother, and my two nieces and nephews. That's gonna add up pretty quick. Link to comment Share on other sites More sharing options...
illwauk Posted December 4, 2011 Share Posted December 4, 2011 Stock in the Packers does not constitute an investment in ?stock? in the common sense of the term.The Packers will have no obligation to repay the amount a buyer pays to purchase Packers stock.Anyone considering the purchase of Packers stock should not purchase the stock to make a profit or to receive a dividend or tax deduction or any other economic benefits.So it's not real stock? Then what are you buying?I think someone here (I forget who) said they bought stock in the Packers so they could have a legal claim to otherwise private NFL documentation (financial records, etc.) as a minority franchise owner. Link to comment Share on other sites More sharing options...
Gothamite Posted December 4, 2011 Share Posted December 4, 2011 Not for all teams, mind you. But there is some general NFL info in the financials. The Green Bay Packers Uniform Database! Now in a handy blog. Link to comment Share on other sites More sharing options...
Mac the Knife Posted December 4, 2011 Author Share Posted December 4, 2011 I think there is something in the bylaws of it though, that it can be willed down to future generations upon death. I might be wrong on that last part and know that Gotham owns a share or more, so he's got the inside skinny on all the rules and regulations.Actually, I have a copy of the Bylaws and have read them pretty extensively. Yes, there are pretty tight restrictions on share transfers - they may only be transferred to a member of your immediate family (e.g., parent, child, spouse, etc.). You needn't die before such a transfer though; you can certainly do it while living. The Packers are what is called a "non-profit stock corporation," a concept which doesn't exist in most states (and doesn't in Wisconsin anymore; the Packers are one of a few who were created before the law was repealed).The tight restrictions on the transfer of shares are based in the NFL's Constitution and Bylaws, which are similar. Every individual shareholder of an NFL club, even the Packers, must receive league approval. That's why the restrictions are so tight, and the process generally takes a while. Link to comment Share on other sites More sharing options...
Eye Posted December 4, 2011 Share Posted December 4, 2011 Is there a timetable for when all shares will be sold? Link to comment Share on other sites More sharing options...
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